Fri Jul 01 2022
This week the median list price for Mesa, AZ is $550,000 with the market action index hovering around 83. This is less than last month's market action index of 92. Inventory has increased to 624.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$550,000|
|Median Price of New Listings||$535,000|
|Per Square Foot||$293|
|Average Days on Market||25|
|Median Days on Market||14|
|Strong Seller's Market|
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$850,000||3,108||0.25 - 0.5 acre||4||3||18||41||19||17|
|$612,000||2,151||8,000 - 10,000 sqft||4||2.5||21||54||21||14|
|$505,000||1,693||6,500 - 8,000 sqft||3||2||31||54||27||14|
|$400,000||1,385||6,500 - 8,000 sqft||3||2||49||56||36||14|